448 N State Ave Indianapolis, IN 46201
Holy Cross NeighborhoodEstimated payment $3,185/month
About This Home
Investor Opportunity - Turnkey Fourplex Near Downtown Indianapolis Well-maintained fourplex located in the rapidly developing Near Eastside, just minutes from downtown Indianapolis, Bottleworks District, and Mass Ave. This income-producing property features four spacious units, offering a strong blend of current cash flow and upside potential. Three units are currently leased, providing immediate income, while one unit is vacant and ready for a new tenant, allowing the next owner to lease at current market rates or occupy. Ideal for investors seeking a stabilized asset with room to increase rents, or for an owner-occupant looking to house hack while generating rental income. Each unit offers functional layouts with generous living space and consistent tenant appeal. Property benefits from its proximity to major employers, hospitals, dining, and entertainment, supporting strong rental demand in the area. Whether you're expanding your portfolio or entering the multifamily space, this property presents a solid opportunity in one of Indianapolis' most active growth corridors.
Listing Agent
My Agent Brokerage Email: bfamosinpe@gmail.com License #RB22000979 Listed on: 03/21/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,196
Year Built
- Built in 1910
Lot Details
- 4,960 Sq Ft Lot
- Corner Lot
Home Design
- Quadruplex
- Cement Siding
Interior Spaces
- 2-Story Property
- Basement
- Exterior Basement Entry
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Community Details
- Kollers Subdivision
- No Laundry Facilities
Listing and Financial Details
- Tax Lot 49-10-06-122-009.000-101
- Assessor Parcel Number 491006122009000101
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,012 | $294,500 | $6,900 | $287,600 |
| 2024 | $3,196 | $211,200 | $6,900 | $204,300 |
| 2023 | $3,196 | $127,000 | $3,400 | $123,600 |
| 2022 | $2,538 | $99,800 | $3,400 | $96,400 |
| 2021 | $2,224 | $88,600 | $3,100 | $85,500 |
| 2020 | $2,230 | $88,600 | $3,100 | $85,500 |
| 2019 | $3,540 | $84,900 | $3,100 | $81,800 |
| 2018 | $2,648 | $84,900 | $3,100 | $81,800 |
| 2017 | $3,771 | $81,600 | $3,100 | $78,500 |
| 2016 | $2,884 | $77,100 | $3,100 | $74,000 |
| 2014 | $1,654 | $76,500 | $3,100 | $73,400 |
| 2013 | $1,590 | $76,500 | $3,100 | $73,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/21/2026 03/21/26 | For Sale | $519,000 | +14.1% | -- | |
| 10/25/2024 10/25/24 | Sold | $455,000 | -4.2% | -- | View Prior Sale |
| 08/28/2024 08/28/24 | Pending | -- | -- | -- | |
| 08/16/2024 08/16/24 | Price Changed | $475,000 | -4.0% | -- | |
| 05/28/2024 05/28/24 | For Sale | $495,000 | +800.0% | -- | |
| 08/30/2018 08/30/18 | Sold | $55,000 | 0.0% | -- | View Prior Sale |
| 05/24/2018 05/24/18 | Pending | -- | -- | -- | |
| 03/27/2018 03/27/18 | For Sale | $55,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Eagle Land Title | |
| Deed | $55,000 | -- | |
| Quit Claim Deed | $30,250 | Meridian Title Corporation | |
| Quit Claim Deed | $30,250 | Meridian Title Corporation | |
| Deed | -- | -- | |
| Land Contract | $65,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $439,814 | FHA | |
| Closed | $0 | Seller Take Back |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22090573
APN: 49-10-06-122-009.000-101
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 452 N State Ave
- 210 N State Ave
- 346 N Summit St
- 401 N Walcott St
- 353 N Arsenal Ave
- 43 N Walcott St
- 338 N Randolph St
- 519 Woodruff Place Middle Dr
- 1413 E Vermont St
- 226 N Randolph St
- 1829 E Marlowe Ave
- 1831 E Marlowe Ave
- 1521 Marlowe Ave
- 1421 E New York St
- 640 Woodruff Place Middle Dr
- 1314 Sturm Ave
- 1409 E New York St
- 625 Woodruff Place Middle Dr
- 675 Woodruff Place Dr W
- 246 N Randolph St
- 437 N State Ave Unit B
- 437 N State Ave Unit C
- 437 N State Ave Unit D
- 332 N Arsenal Ave Unit A
- 330 N Arsenal Ave Unit B
- 43 N Randolph St Unit A
- 590 Woodruff Place East Dr
- 416 N Hamilton Ave
- 1430 E Ohio St
- 1401 Marlowe Ave
- 1541 E Ohio St
- 117 N Arsenal Ave
- 113 N Arsenal Ave
- 679 Woodruff Pl E Dr
- 29 N State Ave
- 43 N Randolph St
- 43 N Randolph St Unit A
- 44 E Parkview Ave
- 621 Tecumseh St
- 784 Woodruff Place East Dr Unit 2
Ask me questions while you tour the home.